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Paul Weiss Poaches Key OpenAI Lawyer for New Hub
10 Nov
Summary
- Prominent law firm Paul, Weiss launches new Silicon Valley office.
- Nader Mousavi, who represented OpenAI in major deals, joins the firm.
- The firm hired Mousavi and partner Mark Schenkel from Sullivan & Cromwell.
US law firm Paul, Weiss, Rifkind, Wharton & Garrison has announced the launch of a new office situated in Silicon Valley. This expansion marks a significant strategic move into the technology hub.
Joining Paul Weiss as partners are Nader Mousavi and Mark Schenkel. Mousavi previously co-led Sullivan & Cromwell's digital infrastructure, AI, and technology groups. He is recognized for representing OpenAI, the maker of ChatGPT, in crucial transactions.
Mousavi and Schenkel were instrumental in deals involving OpenAI and chipmaker Broadcom. These include a substantial $50 billion investment in OpenAI by Amazon earlier this year and a multibillion-dollar investment with Microsoft in early 2023.
Their client Broadcom also benefited from their expertise in a large financing deal. Bank of America, Blackstone, Citi, and Morgan Stanley provided $63 billion to finance the purchase of Broadcom's AI chips and networking gear for Anthropic. This transaction was recently described as one of the largest debt deals associated with the AI buildout.
